Family Bank Limited Salary Personal Loan: Product Details & How to Apply

Rates available from as of 1st April 2021
Customise your results to find loans you're eligible for by answering 5 more questions
Customize Results
Money254 strives to provide relevant and accurate product information, which Money254 obtains directly from each institution’s tariff guide. If you believe a product’s details are incorrect, please report the product to Money254.

Family Bank Limited

Salary Loan
Easy Apply
Ksh50k - 3M
6 months - 2 years
Interest Rate
13.5% annualised
Total Cost Including Institution's Other Fees
17% annualised, year one
Requires at least 3 months active account history
visit website
Easy Apply

Loan Type

Unsecured Loans

*Processing Fees and Excise duty are only applied to year one. For loans longer than one year, your annual cost from year two onwards will be 13.5%.

Total Cost Breakdown (Loan Fees):

  • Interest Minimum: 13.5%
  • Interest Maximum: 13.5%
  • Processing fee: 3%
  • Insurance Fee: 0.5%
  • Withdrawal Fee: None
  • Late Fees: None
  • Other Fees: 20% Excise Duty on Processing Fee

Disbursement Details:

  • Institution Type: Commercial Bank
  • Application Method: Paperwork
  • Disbursement Method: Bank account

Repayment Details:

  • Repayment Frequency: Monthly
  • Early Repayment: Allowed
  • Repayment Method: Auto-deduction

Eligibility Requirement:

  • Smartphone: Not Required
  • CRB: Must be in good standing
  • Income: No Minimum
  • Employment: Required
  • Network: Not required
  • History: Active account for 3 Months


  • National ID
  • KRA Pin
  • Application Form filled and signed
  • 3 Latest pay-slips,
  • T&C Links

Example Representative Pricing

  • Loan Amount: ksh100,000
  • Annual Interest Rate: 13.5%
  • Processing Fee: ksh3000
  • Excise Duty: ksh600
  • Credit insurance: ksh500
  • Loan duration: 12 months
  • Estimated Monthly repayment: ksh8,932
  • Estimated Total repayment amount: ksh107,181

This product is provided by Family Bank Limited. Family Bank Limited is a Commercial Bank licensed under the Banking Act Cap 488 of the Laws of Kenya and regulated by the Central Bank of Kenya.

How to Apply


Money254 Review


  • Affordable credit insurance (deducted from Loan amount)
  • High Maximum loan limit of up-to 3 million
  • No late repayment fees


  • Must have an active salary account for 3 months
  • Formal Employment required
  • Branch visit for application, paperwork required

See more Personal Loans available in Kenya on Money254

From short-term app loans to long-term bank loans, we have aggregated all of the unsecured Personal Loans from Kenya's top financial institutions.

See All Personal Loans

How to Apply for Family Bank Kenya Salary Loan, Repayment, Fees, Contacts

The Family Bank Kenya salary loans are available to all Family Bank account holders who process a regular income from their employers. 

Your salary is the security.

Who Is Eligible For Family Bank Kenya Salary Loans?

Loan Limits and Interest Rates

How to Apply for Family Bank Kenya Salary Loan

Family Bank Kenya Salary Loan Repayment

Fees and Penalties


Download the new Money254 App and don’t miss out on your next opportunity.

Join 1.5M Kenyans using Money254 to find better loans, savings accounts, and money tips today.
Get it on Google Play

Welcome to Money254!

Money 254 is a new platform focused on helping you make more out of the money you have. We've created a simple, fast and secure way to find and compare financial products that best match your needs. All of the information shown is from products available at established financial institutions that our team of experts has tirelessly collected. Instantly search loan products from established providers in Kenya and compare on the terms that matter most to you.

Explore All Products On Money254

Stay up to date with your money - download the new Money254 App Today

Get it on Google Play

Sign up for our newsletter and get weekly money tips to your inbox.

Get updates from the Money254 team on financial news and new Money254 features.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.